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ARREAR RECEIPT

TDS 191 views 1 replies

Sir,

For the financial year 2019-20 a senior citizen person received amount of Rs.750000/- upto January 2020.including arrear amount.

only february amount is pending. 40000/-

Now as per his calculation his tax approx.62000/-

If the drawing officer deduct the 40000/- balance 12000/- how to pay?

can he pay directly from his pan number?

 

 

 

Replies (1)
In case of income received in arrears then the treatment of calculate taxable income income will be as per rule 89 if you need any type of help then contact me 8851268088


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